I Read The News Today Oh Boy! 18-Dec-2018

Tuesday, Dec 18 2018 by
13

Morning all!

Angling Direct ( Angling Direct (LON:ANG) ) – 82p – £53m – PER n/a

Trading Update For The 4 Months To End November 2018 – Revenue up 31.5% (in-store 7.2%, online 24.3%), confident of meeting FY expectations.

Seems encouraging but I remain unsure whether they can really create a profitable growth story here – In such a small niche. I will remain humble and perhaps humbled on the side-lines.

Redde ( Redde (LON:REDD) ) – 167.2p – £511.6m – PER 11.9

Trading Update – Positive start continues, bottom line is profits are ahead of the corresponding period last year.

It’s fine being ahead of last year when you are supposed to show a 20% increase in Net Profit this year (according to Stockopedia). It would be more prudent to update on where it is in relation to expectations. The reason the latter is not reference is reason for caution (in my opinion).

Scientific Digital Imaging ( Scientific Digital Imaging (LON:SDI) ) – 34.5p – £30.9m – PER 13.3

Interim Results For The 6 Months To End October 2018 – Record breaking - Revenue up 23%, Adjusted PBT up 32%, outlook for the current year remains comfortably in-line with market expectations.

I considered this fairly priced last time I looked (41p) but this looks quite encouraging. I will keep an eye out for updates (upgrades) here and re-evaluate that 41p fair price.

As always, all comment most welcome!

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Angling Direct plc is a United Kingdom-based fishing tackle retailer company. The Company is principally focused on selling fishing tackle products and related products through retail stores and also online via its own Website (www.anglingdirect.co.uk). The Company’s product categories include reels, terminal tackle, rods, bait and additives and bivvies and shelters. The Company fishing tackles products, including capital items, consumables, luggage and clothing. Theses all fishing tackle products sells under its own brand Advanta. The Company operates approximately 15 retail stores. The Company has developed angling superstores. more »

LSE Price
76.5p
Change
 
Mkt Cap (£m)
49.4
P/E (fwd)
n/a
Yield (fwd)
n/a

Redde plc is a holding company. The Company is engaged in providing non-fault accident management assistance and related services, fleet management and legal services. The Company offers a range of motor claims accident management services, including vehicle replacement and repair management together with full claims-handling assistance, as well as legal and other personalized services. The Company manages its own fleet of approximately 7,000 vehicles and has access to over 50,000 vehicles through selected rental partnerships. It also provides specialized large fleet accident and incident management services through the FMG group of companies with over 300,000 fleet vehicles under management. It provides accident management services from operational call center sites in Peterlee, County Durham, Huddersfield and Croydon, as well as solicitors' services through Principia Law Limited from Northwich and NewLaw Legal Limited from Bristol, Cardiff and an associated office in Glasgow. more »

LSE Price
106.2p
Change
-2.2%
Mkt Cap (£m)
333.1
P/E (fwd)
8.2
Yield (fwd)
11.2

Scientific Digital Imaging Plc designs and manufactures scientific and technology products for use in applications, including life sciences, healthcare, astronomy, consumer manufacturing and art conservation. The Company's segment encompassing Synoptics three marketing brands, Syngene, Synbiosis and Synoptics Health. The Company, through its subsidiary, Synoptics Limited, develops and manufactures scientific instruments and systems that develop digital imaging technology for a range of disciplines. Synoptics Limited offers its products through four divisions: Syngene, Synbiosis, Syncroscopy and Synoptics Health.The Company through its Opus Instruments Limited, manufactures the infrared imaging system designed for art conservators to provide images in a portable camera. The Company, through Artemis CCD Limited, manufactures light imaging cameras. The Company through Fistreem International Ltd manufactures water purification products and vacuum ovens. more »

LSE Price
52.8p
Change
-2.6%
Mkt Cap (£m)
52.7
P/E (fwd)
16.4
Yield (fwd)
n/a



  Is LON:ANG fundamentally strong or weak? Find out More »


3 Posts on this Thread show/hide all

MrContrarian 18th Dec '18 1 of 3
2

My morning smallcap tweet:

Integumen (LON:SKIN), EQTEC (LON:EQT), Byotrol (LON:BYOT), Redt Energy (LON:RED), Telit Communications (LON:TCM), China New Energy (LON:CNEL)

Integumen (SKIN) sells lossmaking TSPro for €1. gets shot of €1.34m (£1.19m) of short and long term liabilities.
EQTEC (EQT) takes it to the wire finding new nomad. Expects to appoint one by mid/late-January 2019 after due diligence process. Has until 1 Feb.
Byotrol (BYOT) H1 rev up 55%. Remains "confident in the outlook for full year, except for the US, which is expected to make a loss due to administrative delays to EPA approval of new product variants, which we now expect to be satisfactorily resolved in Q1 2019."
RedT Energy (RED) Year end update - sounds OK except first 40MWh of 700MWh German project portfolio won't reach 'financial close' this year as mooted due to modifications to the German market bidding mechanism.
Telit Communications (TCM) FCA has expanded investigation to consider the accuracy of earlier announcements by Telit.
China New Energy (CNEL) [last night] evaluating whether a primary listing on other stock exchanges will achieve a greater valuation, expects to make a decision in Q1 2019.

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andrea34l 18th Dec '18 2 of 3
3

I thought the last results from Redde (LON:REDD) were far to subdued.

I have thrown caution to the wind (considering current market turmoil) and topped up on Scientific Digital Imaging (LON:SDI) this morning, I think the results are smashing and PER of around 14-15 is nonsense considering the rate of growth. I also like the diversification.

The update from Dalata Hotel (LON:DAL) looks reasonable with good LFL figures, although debt is increasing; the share price is down around 35% from September (where it was looking frothy) which looks a bit more interesting to me; Stocko ratings aren't so great though.

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Beginner 18th Dec '18 3 of 3
1

I think I may have said this before, but I would beware of Dalata Hotel (LON:DAL) . I have experience working with them. Their staff turnover seems ridiculously high, and I am told they have had some recruitment issues. The assets, as is the case with all firms in this sector, are always misleadingly high. I reckon this is still over priced. Additionally, when sterling crashes early next year it could well destroy their customer figures, as UK citizens stay away from the Eurozone. (No more nipping over the border to fill up on diesel for you!)

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